John H. Wood Co. v. Commissioner

1 B.T.A. 1098, 1925 BTA LEXIS 2669

Opinion

DECISION.

The determination of the Commissioner is approved. No satisfactory evidence was introduced to show that the good will carried on the taxpayer’s books had an actual cash value, as required by section 326 of the Revenue Act of 1918, in order that good will may be included in invested capital.